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| UK 100 Leaders | Close | Chg | % Chg | % YTD |
| Glencore International PLC | 316.3 | 5.75 | 1.9 | -19.31 |
| ARM Holdings PLC | 488 | 7.5 | 1.6 | -17.57 |
| Aviva PLC | 290.8 | 4.4 | 1.5 | -3.32 |
| Xstrata PLC | 839 | 12.5 | 1.5 | -14.21 |
| Evraz PLC | 250 | 3.7 | 1.5 | -33.28 |
| Vodafone Group PLC | 184.05 | 2.4 | 1.3 | 2.88 |
| ICAP PLC | 314.8 | 3.7 | 1.2 | -9.25 |
| National Grid PLC | 691 | 8 | 1.2 | 10.56 |
| UK 100 Laggards | Close | Chg | % Chg | % YTD |
| Burberry Group PLC | 1189 | -95 | -7.4 | 0.34 |
| Polymetal International PLC | 834 | -43 | -4.9 | -23.77 |
| Aggreko PLC | 1993 | -89 | -4.3 | -1.19 |
| Weir Group PLC | 1516 | -63 | -4 | -25.39 |
| Johnson Matthey PLC | 2103 | -64 | -3 | 14.54 |
| Marks & Spencer Group PLC | 318.2 | -9.6 | -2.9 | 2.32 |
| WPP Group PLC | 784.5 | -23.5 | -2.9 | 16.14 |
| GKN PLC | 210 | -5.5 | -2.6 | 14.75 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK 100 | 5664.48 | 0.41 | 0.01 | 1.65 |
| 10967.8 | -97.69 | -0.88 | 8.56 | |
| CAC 40 | 3157.25 | -18.16 | -0.57 | -0.08 |
| DAX (Xetra) | 6453.85 | 15.52 | 0.24 | 9.42 |
| Dow Jones Industrial Average | 12604.5 | -48.62 | -0.38 | 3.17 |
| Nasdaq Comp. | 2887.98 | -14.35 | -0.49 | 10.86 |
| S&P 500 | 1341.45 | -0.02 | 0 | 6.67 |
| Nikkei 225 | 8700 | -115 | -1.69 | 2.89 |
| Hang Seng | 19072 | -310 | 2.19 | 3.46 |
| S&P | 1331 | -0.37 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil Light Sweet Composite | 85.51 | -0.49 | -0.57 | -13.63 |
| Gold Composite | 1568.95 | -7.45 | -0.47 | 0.16 |
| Silver Composite | 26.87 | -0.22 | -0.81 | -3.26 |
| Palladium Composite | 578.65 | -3.45 | -0.59 | -11.9 |
| Platinum Composite | 1420.95 | -8.35 | -0.58 | 1.42 |
| GBP/USD – US $ per £ | 1.5489 | – | -0.11 | -0.26 |
| EUR/USD – US$ per Euro | 1.2232 | – | -0.1 | -5.57 |
| GBP/EUR – Euros per £ | 1.2664 | – | 0 | 5.55 |
Click graph to enlarge
See Live Macro Calendar for all data, incl. consensus expectations
UK 100 called to open 15-20 points lower this morning following losses seen in US and Asian markets overnight. The Fed last night showed limited support stimulus which led to the Dow Jones closing down around 49 points at 12,605. In Asia, the Hang Seng closed at 19,110 down 310 points whilst the Nikkei was down around 115 points at 8,735
Overnight Australian jobs data disappointed causing the AUS decline across the board with AUD/USD slipping below the 1.02 handle. With the Bank of Japan keeping rates unchanged as expected and added no stimulus it caused the USD/JPY to hit a high of 79.95. The BOJ revised FY2012/13 GDP forecast to 2.2%. Over in China a senior Chinese government economist said that China’s economic growth should rebound in the second half of 2012 with GDP growth around 8%. Looking at the US the dollar rose strongly against major currencies on Wednesday as minutes of last month’s Federal Reserve meeting showed further asset-buying was not being considered for now and would only be if US economic conditions deteriorated. EUR/USD skidded to a two-year low of $1.2211 following the minutes before briefly rebounding.
Crude oil futures rose 2.3 per cent on Wednesday as weekly US oil inventory showed a bigger than expected draw on crude supplies. US Light Crude gained $1.90 to settle at $85.81, whilst Brent crude climbed $2.26 per barrel to settle at $100.23. Gold meanwhile finished slightly in the red at $1575 during a choppy trading session.
See Live Macro calendar for all details
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Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research